Property Description:

Versatile Investment Opportunity in Norco LA

This single-family residence, which includes the adjacent lot, has a new metal roof and was previously framed for 3 bedrooms, 2 full bathrooms, and approximately 1,500 square feet. The structure is currently gutted and requires a complete renovation.

A recent Abbott Price property analysis indicates an estimated after-repair value (ARV) of $210,000, with rental potential as high as $1,800/m after renovation.

The property consists of two lots measuring 50 x 84 each (100 x 84 total). R1A zoning allows for the placement of single-family homes and manufactured homes, provided they have a permanent foundation, with vacant land in the area selling for $25,000 or more.

It is located adjacent to Airline Hwy, just 15 minutes from Louis Armstrong International Airport and 30 minutes from Downtown New Orleans, making this an ideal investment opportunity.

Investment Highlights:

ARV: $210,000
Lot size: 2 lots @ 50 x 84 each (100 x 84 total)
Layout: 3 bedrooms, 2 full bathrooms
SqFt: Approximately 1,500
Condition: Gutted
Location: adjacent to Airline Hwy, just 15 minutes from Louis Armstrong International Airport (MSY) and 30 minutes from Downtown New Orleans.